Nordea Investment Management AB Has $26.87 Million Stock Holdings in H World Group Limited Sponsored ADR $HTHT

Key Points

• Nordea Investment Management AB has increased its stake in H World Group by 40.2%, now holding 790,947 shares valued at approximately $26.87 million.
• H World Group's stock has a current consensus rating of "Hold" and a target price of $40.80, with recent upgrades from analysts.
• The company recently declared a semi-annual dividend of $0.79 per share, reflecting a substantial dividend yield of 435.0%.

Nordea Investment Management AB lifted its stake in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 40.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 790,947 shares of the company's stock after buying an additional 226,865 shares during the period. Nordea Investment Management AB owned approximately 0.26% of H World Group worth $26,865,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in HTHT. USA Financial Formulas bought a new stake in H World Group during the second quarter worth $28,000. Brooklyn Investment Group bought a new position in H World Group during the 1st quarter worth $40,000. Caitong International Asset Management Co. Ltd bought a new position in H World Group during the 1st quarter worth $51,000. Taikang Asset Management Hong Kong Co Ltd bought a new position in H World Group during the 1st quarter worth $189,000. Finally, Greenleaf Trust bought a new position in H World Group during the 1st quarter worth $226,000. 46.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HTHT has been the subject of a number of recent analyst reports. Zacks Research upgraded H World Group from a "strong sell" rating to a "hold" rating in a report on Thursday, August 28th. Wall Street Zen raised shares of H World Group from a "hold" rating to a "buy" rating in a research report on Sunday, September 28th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of H World Group in a research report on Tuesday, October 14th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $40.80.

H World Group Stock Performance

NASDAQ HTHT opened at $37.79 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $11.63 billion, a P/E ratio of 22.77, a P/E/G ratio of 1.81 and a beta of 0.35. The company has a fifty day moving average of $36.90 and a 200-day moving average of $35.15. H World Group Limited Sponsored ADR has a 52-week low of $30.13 and a 52-week high of $40.56.

H World Group Dividend Announcement

The business also recently declared a semi-annual dividend, which was paid on Friday, September 26th. Investors of record on Tuesday, September 9th were given a dividend of $0.79 per share. The ex-dividend date was Tuesday, September 9th. This represents a dividend yield of 435.0%. H World Group's payout ratio is currently 95.18%.

H World Group Company Profile

H World Group Limited develops leased and owned, manachised, and franchised hotels in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.

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